JO Hambro Investment Management's Oliver Kelton believes European equities offer a once-in-a-cycle opportunity - and is positioning his Pepin fund to take full advantage
Investors wanting full participation in any sustained recovery in European equities, and who are prepared to tolerate a fair degree of volatility along the way, could do worse than take a punt on Oliver Kelton's Pepin fund.
The long/short UK and continental European equity fund is managed by JO Hambro Investment Management, the £2.4 billion London-based investment house formed in 1986 that is now 100% owned by the Credit Suisse group.
The fund has been running since December 2001. Since May last year, however, Pepin has undergone a comprehensive makeover. Its original focus on small and mid-cap stocks (the strategy of its founding manager Alexandra Pritchard, who has since left the industry) has given way to an all-caps long/short developed European equities...